Unless you think you can use it for several years, my advise would be against it for the same reasons as Pottsy indicates.

For that price, you can buy a CAT D4 in fairly good condition that will be large enough to accomplish most of your heavy work yet agile enough for some final touches. The great thing about the CAT (or JD for that matter) is the high resale value and that it is a size that everyone wants.

The backhoe may be the ticket too. Guess it depends if you can push the dirt where you want it, or if you need the bucket and rubber tires to pick it up and move it.

When we started buying equipment for our project the biggest mistake that we made was buying too small. Equipment dealers will let you test drive. Take advantage of that and see what you can handle. I have equipment stories that never end. Just talked to the State today and laid the groundwork for a new permit.